Ravello Systems Secures $26 Million in Funding

Ravello Systems today announced that it has closed its second
round of funding bringing the total amount of funds raised to $26
million. Ravello is now backed by Sequoia Capital, Norwest Venture
Partners and Bessemer Venture Partners. Founded in 2011 by Rami Tamir
and Benny Schnaider, the founding team behind the now standard KVM
hypervisor, Ravello is positioned to change the game in the hybrid cloud
market by delivering the industry’s first Cloud Application Hypervisor.

“Enterprises cannot use the public cloud the way that they
would like to which is to be able to rent capacity on demand and simply
spill-over bursty workloads,” said Tamir, CEO, Ravello Systems. “That’s
not possible today because the public cloud environment is completely
different from the enterprises’ internal data center. The industry needs
a solution to normalize the application environment across the private
and public cloud, so that enterprises can truly begin using the public
cloud.”

“We have developed a Cloud Application Hypervisor that
encapsulates multi-VM applications along with their entire environment
including the VMs, networking, storage etc. so that enterprises can run
any application in any cloud without making any changes,” said
Schnaider, president and Chairman of the Board, Ravello Systems. “Unlike
other solutions in the market that adopt a management only approach,
Ravello’s Cloud Application Hypervisor normalizes the application
environment so that it can run on the private or public cloud.”

Ravello’s executive team brings deep expertise in virtualization,
cloud, networking and storage technologies, and is the same team behind
Qumranet, the company that developed the KVM hypervisor (acquired by Red
Hat in 2008), now the standard virtualization technology in Linux. They
are:

Rami Tamir (Co-Founder, CEO) - Prior to founding Ravello,
Tamir was VP of engineering at Red Hat. He joined Red Hat through the
acquisition of Qumranet where he was the co-founder and president.
Previously Tamir held senior key management positions at Cisco which
he joined through the acquisition of Pentacom where he was co-founder
and head of software.

Benny Schnaider (Co-Founder, President and Chairman of the
Board) - Prior to founding Ravello, Schnaider was VP of business
development for Red Hat. He joined Red Hat through the acquisition of
Qumranet where he was co-founder and CEO. Prior to Qumranet, Schnaider
founded Pentacom and served as its CEO. He also co-founded P-Cube,
(acquired by Cisco in 2004). As a board member, Schnaider played a key
role in other companies including B-Hive (acquired by VMware in 2008)
and Traffix (acquired by F5 in 2012).

Navin R. Thadani (SVP, Products) - Thadani joins Ravello
from Red Hat, where he ran the virtualization (KVM/ RHEV) business
line. He joined Red Hat through the acquisition of Qumranet in 2008
which he led as the VP of products. Previously, Thadani held several
senior management positions at Cisco Systems.

“The rest of the market is focused on solving the enterprise
public cloud adoption problem with ‘management only’ solutions - which
is like managing complexity with more complexity,” said Shmil Levy,
partner, Sequoia Capital. “Ravello Systems is the first company to
tackle the problem head-on from an infrastructure perspective. It’s very
much like what VMware did back in the early 2000s to the enterprise data
center.”

“The leadership team behind Ravello has a track record of
developing innovative technologies in the virtualization infrastructure
space and backing it up with solid execution,” said Adam Fisher,
partner, Bessemer Venture Partners. “Their previous virtualization
initiative, KVM has been a tremendous success in the market with record
breaking virtualization performance and scalability. This time around,
HVX is another ground-breaking technology and if any team can deliver,
it’s these guys.”

“NVP partners with entrepreneurs that have a strong vision and
big ideas. We backed Benny and Rami previously when they created KVM at
Qumranet, and are happy to back them again at Ravello,” said Vab Goel,
partner, Norwest Venture Partners. “Ravello's technology has broad
applications in terms of hybrid cloud computing and true application
mobility. An end-to-end solution in this space will go a long way in
getting real enterprises to adopt the public cloud.”

CIO, CTO & Developer Resources

Ravello Systems also announced the public beta of its service
that’s designed to enable developers to harness the unlimited resources
of the public cloud to develop and test applications.

Founded in 2011, Ravello Systems is the industry’s first Cloud
Application Hypervisor provider. With Ravello, enterprises can
encapsulate their multi-VM applications and run them anywhere –
on-premise or in any cloud – without making any changes whatsoever, and
thereby implement a true hybrid cloud. Ravello is offered via an easy to
use Software-as-a-Service and enables developers, devops and IT to use
the unlimited resources of the public cloud to develop and test their
applications. Ravello Systems is backed by top tier VCs including
Sequoia Capital, Norwest Venture Partners and Bessemer Venture Partners.
For more information, visit www.ravellosystems.com.

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